This was said in a tweet by India's largest lender SBI, which recently adopted a new brand identity after merger with five associate banks and Bharatiya Mahila Bank.
Of this amount, Rs 1,23,000 crore was lent by banks while non-banking institutions lent about Rs 57,000 crore.
It was alleged that over Rs 8 crore were funnelled into the banking system by opening over 2,000 accounts post November 8 when old Rs 500 and Rs 1,000 notes were scrapped.
Chair Arundhati Bhattacharya also said in an interview that signs of more factory activity pointed to a turnaround in India's weak credit cycle this financial year - welcome news for a government keen to revive private investment.
The country's largest lender has recently merged five of its associate banks and Bharatiya Mahila Bank.
Start-up companies unburdened by inertia or market expectations are growing faster than ever - and displacing incumbents in record time.
The top banker, who leads India's third largest private bank, had an "unusual" advice for IIM Ahmedabad students while she spoke on various topics - from choosing a life partner to selecting an employer.
The Bank proposes to raise funds by issuing perpetual debt instruments (part of additional tier I capital), tier II capital bonds and senior long term infrastructure bonds up to a total amount of Rs 50,000 crore.
The government launched the Lucky Grahak Yojana for consumers and Digi Dhan Vyapar Yojana for merchants on December 25, 2016 to promote digital transactions.
The CBI has now registered an FIR against unknown bank officials and unknown persons for criminal conspiracy, cheating and corruption.
An early backer of the Kotak Group has been industrialist Anand Mahindra, who recently tweeted that it has been one of his best decisions.
The cash deposits of Rs 100.57 crore in purported shell companies' accounts in Axis Bank's Memnagar branch in Ahmedabad were in violation of RBI notifications issued after November 8 last year, when the government, in a sudden move, scrapped Rs 1,000 and Rs 500 notes.
The RBI had said it would explore possibility of setting up more differentiated banks, including those concentrating on wholesale and long-term financing.
SBI, which had a provisioning coverage ratio of about 59 per cent, said that after the merger it will revisit the NPAs and provide accordingly.
The lack of transmission has been one of the dominant worries expressed by RBI during the past two years when it was in an accommodative stance.
"The present level of NPA resolution is untenable," Governor Urjit Patel said while addressing the media at the customary post-policy presser.
Banks are allowed to invest in equity-linked mutual funds, venture capital funds (VCFs) and equities to the extent of 20 per cent of their Net Owned Fund (NOF).
The Reserve Bank of India surprised markets on Thursday by raising a secondary rate while holding the key rate steady, a move to help mop up liquidity.